Cubic Corp. announced on April 20 that it named Jan Hamby to its board of directors.
Hamby is a retired U.S. Navy rear admiral with expertise in information technology and cybersecurity.
Cubic (NYSE: CUB)’s directors made the decision to fill the new board position during their April 16 meeting, according to an April 20 securities filing. Hamby’s initial term will expire with the 2016 annual shareholders’ meeting.
Hamby capped off her career as a Navy officer as deputy chief information officer for the Department of Defense. She is chancellor at the Information Resources Management College (aka iCollege) at the National Defense University in Washington, D.C.
Hamby will receive an annual retainer of $50,000 for service on the Cubic board, according to a securities filing. She also will receive restricted stock units with a market value of $56,250, which will fully vest in October 2016.
Cubic splits its business between defense contracting and transportation infrastructure. It serves domestic and foreign markets.